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Impairment Charges (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
Pretax impairment charges are reported in “Impairments” in the Consolidated Statements of Operations and are summarized in the table below. There were no impairment charges in the three and nine months ended September 30, 2023.
Nine Months Ended 
 September 30, 2024		Three Months Ended 
 September 30, 2024
 Goodwill ImpairmentOther Long-Lived Assets ImpairmentsTotal ImpairmentsGoodwill ImpairmentOther Long-Lived Assets ImpairmentsTotal Impairments
Bedding Products$587.2 $3.2 $590.4 $— $.6 $.6 
Specialized Products43.6 — 43.6 — — — 
Furniture, Flooring & Textile Products44.5 — 44.5 — — — 
Total impairment charges$675.3 $3.2 $678.5 $— $.6 $.6 
Summary of Changes In The Carrying Amounts Of Goodwill
The 2024 annual goodwill impairment testing performed in the second quarter resulted in a $675.3 non-cash goodwill impairment charge related to the reporting units noted below. There were no triggering events or impairments indicated in the three months ending September 30, 2024.
Reporting UnitSegment
Nine Months Ended 
 September 30, 2024
BeddingBedding Products$587.2 
Work FurnitureFurniture, Flooring & Textile Products44.5 
Hydraulic CylindersSpecialized Products43.6 
$675.3 
The 2024 information excludes Hydraulic Cylinders, as this unit had no goodwill remaining after the second quarter 2024 impairment.
2024
Fair Value over Carrying Value divided by Carrying ValueSeptember 30, 2024 Goodwill ValueCompound Annual Growth Rate (CAGR)
Range for Sales		Terminal Values Long-term Growth Rate for Debt-Free Cash FlowDiscount Rate Ranges
Less than 50% 1
$442.9 
(1)% - 12%
3 %
14% - 17%
101% - 300%
371.8 
3 - 7
3 
   14
$814.7 
(1)% - 12%
3 %
14% - 17%
2023
Fair Value over Carrying Value divided by Carrying ValueDecember 31, 2023 Goodwill ValueCAGR Range for SalesTerminal Values Long-term Growth Rate for Debt-Free Cash FlowDiscount Rate Ranges
Less than 50% 1
$1,018.1 
1% - 17%
3 %
10-12%
50% - 100%
99.6 
   <1
3 
8
101% - 300%
372.1 
3 - 6
3 
8-10
$1,489.8 
<1% - 17%
3 %
8% - 12%
1 This category includes Bedding, Aerospace, and Work Furniture for 2024 and Bedding, Aerospace, and Hydraulic Cylinders for 2023.
•    The fair value of our Bedding reporting unit was less than its carrying value at our second quarter 2024 testing date, resulting in a partial goodwill impairment as discussed above. Fair value exceeded carrying value by 40% at our second quarter 2023 testing date. There was a triggering event in the fourth quarter of 2023 for this reporting unit due to certain customers' efforts to improve their financial position by moving their business to or exploring alternate suppliers. Accordingly, we performed a goodwill impairment test at that time, which indicated no goodwill impairment, but fair value in excess of carrying value had decreased to 19%. Goodwill associated with this reporting unit was $319.8 at September 30, 2024 and $906.5 at December 31, 2023.
•    The fair value of our Aerospace reporting unit exceeded its carrying value by 21% at our second quarter 2024 testing date as compared to 44% in 2023. Goodwill associated with this reporting unit was $67.7 at September 30, 2024 and $67.0 at December 31, 2023.
•    The fair value of our Work Furniture reporting unit was less than its carrying value at our second quarter 2024 testing date, resulting in a partial goodwill impairment, as discussed above. Fair value exceeded carrying value by 74% at our second quarter 2023 testing date. Goodwill associated with this reporting unit was $55.4 at September 30, 2024 and $99.6 at December 31, 2023.
•    The fair value of our Hydraulic Cylinders reporting unit was less than its carrying value at our second quarter 2024 testing date, resulting in a full goodwill impairment, as discussed above. Fair value exceeded carrying value by 18% at our second quarter 2023 testing date. Goodwill associated with this reporting unit was $44.6 at December 31, 2023.